Anthony Granado Acquires 4,200 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Anthony Granado bought 4,200 shares of E.W. Scripps stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $4.59 per share, with a total value of $19,278.00. Following the completion of the purchase, the insider directly owned 45,712 shares in the company, valued at $209,818.08. This trade represents a 10.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

E.W. Scripps Stock Performance

SSP traded down $0.23 during trading hours on Wednesday, hitting $4.17. The company’s stock had a trading volume of 921,662 shares, compared to its average volume of 627,969. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.13. E.W. Scripps Company has a fifty-two week low of $1.72 and a fifty-two week high of $4.98. The company has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.40. The firm has a market capitalization of $370.30 million, a PE ratio of -2.23 and a beta of 0.54.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.52). The company had revenue of $560.26 million for the quarter, compared to the consensus estimate of $550.82 million. E.W. Scripps had a negative return on equity of 0.27% and a negative net margin of 4.69%. As a group, sell-side analysts expect that E.W. Scripps Company will post 1.07 EPS for the current year.

Key Stories Impacting E.W. Scripps

Here are the key news stories impacting E.W. Scripps this week:

• Positive Sentiment: Analysts’ average price target of $6.95 implies meaningful upside versus the stock’s current trading range, supporting buyer interest. E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average Price Target from Brokerages
• Positive Sentiment: Large, high‑visibility insider purchase: major shareholder Margaret Scripps Klenzing bought 159,515 shares (~27% increase to her stake) at about $4.64 — a sizable vote of confidence that can attract other investors. SEC Filing – Margaret Scripps Klenzing
• Positive Sentiment: Multiple additional insider buys (Corina S. Granado, Eaton M. Scripps, Anthony S. Granado, Elizabeth Scripps and director Raymundo H. Jr. Granado made recent purchases totaling hundreds of thousands of shares across insiders), reinforcing the bullish signal from family/major holders. (See SEC filings for details.) Corina S. Granado SEC Filing Eaton M. Scripps SEC Filing Anthony S. Granado SEC Filing Elizabeth Scripps SEC Filing Raymundo H. Jr. Granado SEC Filing
• Neutral Sentiment: Short-interest numbers in the provided snapshot are inconsistent (showing 0 shares / NaN changes) and are unreliable as a near‑term signal until validated by an exchange short-interest report.
• Negative Sentiment: Company fundamentals remain mixed: SSP missed on EPS in the Feb. 25 quarter (reported $(0.06) vs. a consensus $0.46) and carries a high debt‑to‑equity ratio (~3.13), which are longer‑term headwinds that could cap upside absent improving margins or guidance. SSP Financials & Earnings

Analysts Set New Price Targets

SSP has been the subject of a number of recent analyst reports. Benchmark increased their price target on E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wells Fargo & Company raised their target price on shares of E.W. Scripps from $3.00 to $3.90 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a report on Monday, December 22nd. Zacks Research downgraded shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of E.W. Scripps in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $6.95.

Institutional Trading of E.W. Scripps

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its stake in shares of E.W. Scripps by 47.2% in the 2nd quarter. XTX Topco Ltd now owns 351,406 shares of the company’s stock valued at $1,033,000 after purchasing an additional 112,608 shares during the last quarter. New York State Common Retirement Fund increased its position in E.W. Scripps by 142.3% during the third quarter. New York State Common Retirement Fund now owns 2,318,987 shares of the company’s stock worth $5,705,000 after buying an additional 1,361,721 shares during the last quarter. Teton Advisors LLC bought a new position in E.W. Scripps during the third quarter valued at about $728,000. Acadian Asset Management LLC lifted its position in shares of E.W. Scripps by 6.4% in the second quarter. Acadian Asset Management LLC now owns 1,231,807 shares of the company’s stock worth $3,618,000 after buying an additional 74,435 shares during the last quarter. Finally, Bailard Inc. boosted its stake in shares of E.W. Scripps by 47.5% during the 2nd quarter. Bailard Inc. now owns 89,600 shares of the company’s stock worth $263,000 after acquiring an additional 28,858 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

About E.W. Scripps

The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.